Treasury Secy Yellen Warns Of China’s Industrial Strategy To Flood Excess Goods
U.S. Treasury Secretary Janet Yellen presides over and speaks at a meeting of the Treasury Department’s Financial Stability Oversight Council in Washington, DC, May 10, 2024. (Photo by Kent Nishimura/Getty Images) OAN’s Stephanie Meyers5:20pm – Tuesday, May 21, 2024 Treasury Secretary Janet Yellen stressed the need for the United States and Europe to respond to […]
US Government Interest Payments v. Tax Receipts, Average Interest on Treasury Debt, & Debt to GDP
Spiking Interest payments will hopefully, knock on wood, force the drunken sailors in Washington to go through detox. The gigantic US government debt is now approaching $33 trillion, amid a tsunami of issuance of Treasury securities to fund the mind-blowing government deficits and roll over maturing securities. At the same time, the Fed has hiked its […]
6 Dividend Stocks With Yields Higher Than the 10-Year Treasury – Barron's
It’s been a tough year for high-dividend stocks, but not all have struggled. It’s no secret that high interest rates are a headwind for high-dividend stocks. During years of low to near-zero interest rates since the 2007-2009 recession, yield-hungry investors had little choice but to seek dividends. But now, with virtually risk-free 10-year U.S. Treasuries […]
Yen Rebounds as Cooling US CPI Weighs on Dollar, Treasury Yields – Yahoo Finance
(Bloomberg) — The yen rose 1% overnight on Thursday, as traders bet the Federal Reserve will ease monetary policy this year on signs of easing U.S. inflation pressures. The gains expanded in Asian trading. Most Read Articles on Bloomberg Japan’s currency rose to the May 7 level of 154.32 yen to the dollar at around […]
Social Security now expected to run short on funds in 2035, one year later than previously projected, Treasury says – CNBC
People leave the Social Security Administration building in Burbank, California. Valerie Macon | AFP | Getty Images Social Security directors attributed the slightly improved outlook to more people contributing to the program amid a strong economy, low unemployment, and rising employment and wage growth. Last year, the trustees predicted that the program’s funding would last […]
Yellen: Treasury exploring ways to expand free tax filing program
Treasury Secretary Janet Yellen told lawmakers Wednesday that the department is considering ways to expand the limited direct-file testing program, including possible enhancements and applicable tax credits. The free program is a scaled-down version of popular tax-preparation software, but it faces fierce opposition from Republicans and the tax-preparation industry. The tax preparation industry previously maintained […]
Biden Treasury Dept official testifies ‘any dollar’ Iran gets in aid will fund ‘violent’ activities
The Treasury Department confirmed this week that funds sent to Iran will be used directly to fund the “violent” activities of Iran’s Revolutionary Guards Corps “before being used for civilian or humanitarian assistance.” Sen. Tim Scott is now demanding answers from Treasury Secretary Janet Yellen after Deputy Secretary Adewale Adeyemo testified before the U.S. Senate […]
Teamsters pension fund returns $127M to Treasury after overpaying almost 3,500 dead participants
The Teamsters pension fund returned $127 million in overpayments to the U.S. Treasury this week — months after an internal investigation revealed nearly 3,500 dead members in its kitty. Thomas Nyhan, executive director of the Central States Pension Fund, which handles retirement benefits for the International Teamsters Association, announced the repayment amounts Monday as part […]
Senior Biden Treasury Official Admits Money for Iran Goes Towards Violence
Deputy Treasury Secretary Wally Adeyemo on Tuesday inadvertently revealed that $6 billion that the Biden administration unfrozen on Iran last year in exchange for the return of five American prisoners was likely used to fund violent activities. Approved in parliament. Adeyemo said in testimony before the Senate Banking Committee: Senator, you are right that money […]
Treasury Secretary Janet Yellen calls for level playing field for US workers and firms during China visit
U.S. Treasury Secretary Janet Yellen on Friday called on China to address manufacturing overcapacity that could cause global economic disruption and level the playing field for U.S. businesses and workers. . The prime minister, who began a five-day visit to China in one of China’s major industrial and export hubs, said he expected tough talks […]